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NAB Home Loan Calculator

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Estimate your monthly NAB home loan payment at current rates. Free, no signup.

fin·calc is an independent, unaffiliated calculator — not endorsed by, sponsored by, or affiliated with NAB. "NAB" is used only to describe typical rates and terms; confirm actual terms directly with the bank.

$
%
yrs
Your monthly payment$3,597
Principal$600,000
Total interest$695,029
Total$1,295,029
Calculated live on this page. Open the full tool →

NAB home loan rates, by product

Product (owner-occupier, P&I)RateComparison rate
Base Variable Rate6.44% p.a.6.44% p.a.
Tailored Variable Rate with Offset6.04%–6.79% p.a.6.17%–6.92% p.a.
Tailored Fixed Rate (2-year)6.49% p.a.6.86% p.a.

NAB's Base Variable Rate rose by 0.25 percentage points effective 13 February 2026. The RBA cash rate target is 4.60% p.a. after the late-September 2026 rise (previously 4.35%, held 11 August 2026) — NAB's own product rates move on separate decisions, not automatically with the RBA.

Worked example

Example: A$600,000 NAB Tailored Variable loan at 6.04% for 30 years (illustrative — use the calculator above for your own figures).

NAB's home loan product range

NAB splits its home loans by how much flexibility you need rather than selling one rate. The Base Variable Rate loan is the no-frills option: no offset account, no monthly service fee, no application fee, and a free redraw of $500 or more once you're at least one full repayment ahead — its comparison rate equals its interest rate (6.44% p.a.) because there are no ongoing fees to fold in. The Tailored Variable Rate with Offset product trades a $12 monthly fee for up to 10 offset accounts, unlimited additional repayments and the ability to split the loan between fixed and variable portions, at 6.04%–6.79% p.a. depending on your loan-to-value ratio (capped at 70% LVR for this product). NAB's Tailored Fixed Rate loans run 1 to 5 years (2-year fixed currently 6.49% p.a.), let you pay up to $20,000 ahead during the fixed term, and can also be split. Investors pay a margin above the equivalent owner-occupier rate on both variable products. NAB also has a dedicated Defence Force Home Loan for eligible current and former ADF members.

Worked example: $500,000 NAB Base Variable loan at 6.44% p.a. over 30 years

r = 0.0644/12 = 0.0053667, n = 360, (1+r)n ≈ 6.8677.

M ≈ $3,140.64 per month. Total repayments ≈ $1,130,630; interest ≈ $630,630.

First home buyers: the Australian Government 5% Deposit Scheme

National Australia Bank is listed by Housing Australia as a Participating Lender for the Australian Government 5% Deposit Scheme (the successor to the First Home Guarantee), alongside CBA, ANZ, Westpac and dozens of smaller lenders. Applying through a participating lender lets an eligible first home buyer borrow with as little as a 5% deposit while Housing Australia guarantees the gap up to 15% of the property's value, so no Lenders Mortgage Insurance is charged. NAB publishes its own fact sheet on the government's Home Guarantee Scheme family (dated 1 July 2025), which follows the same eligibility rules the government sets: Australian citizen or permanent resident, owner-occupier, and either a genuine first home buyer or someone who hasn't owned property in the last 10 years, subject to income tests and regional property price caps. Because places are limited and allocated through participating lenders, confirm current availability and the price cap for your area directly with NAB or on firsthomebuyers.gov.au before applying.

Lenders Mortgage Insurance (LMI) at NAB

NAB "normally require[s] LMI if you do not have the required home loan deposit (typically 20% of the property value)" — in other words, once your LVR goes above roughly 80%. NAB states that LMI "can cost up to 6.5% of the loan amount," with the exact premium depending on loan size, deposit, property value, loan type and lender. NAB also runs LMI waivers for eligible medical, legal and financial professionals, letting qualifying borrowers in those fields borrow above 80% LVR without paying the premium, subject to NAB's eligibility criteria. Outside a waiver category, a bigger deposit or the 5% Deposit Scheme above are the main ways to avoid the LMI cost.

Financial hardship and AFCA

NAB customers struggling with home loan repayments can contact its hardship team on 1800 701 599 (Mon–Fri 8am–8pm, Sat 9am–1pm) for ongoing support, on 1300 661 114 for short-term help, through NAB Internet Banking or the NAB app, or in branch. NAB says "you do not need documents to start your application," though it may later ask about income and expenses and request payslips or medical certificates. Assistance can include temporary interest rate reductions, flexible payment arrangements, interest-only periods, extended loan terms or a payment break, and free financial counselling is available if a hardship application is declined. If you're not satisfied with how NAB has handled your hardship request — for example if it's declined without a reasonable explanation, unanswered, or NAB continues recovery action regardless — you can lodge a free complaint with the Australian Financial Complaints Authority (AFCA) on 1800 931 678 after first raising it with NAB; AFCA assigns a hardship case worker, puts the complaint to NAB, and can hold a conciliation conference or issue a binding decision.

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Written by Sheryar, founder of fin·calc. Rates verified against the sources below.

Sources

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